Can I retire at age 55 with 546,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$45,088$44,687$44,295$43,912$43,539$42,924
2 years$22,321$21,905$21,502$21,112$20,733$20,114
3 years$14,733$14,315$13,913$13,526$13,154$12,551
4 years$10,939$10,523$10,125$9,745$9,381$8,799
5 years$8,664$8,250$7,858$7,485$7,132$6,571
6 years$7,148$6,737$6,350$5,986$5,643$5,106
7 years$6,065$5,658$5,277$4,921$4,589$4,075
8 years$5,253$4,850$4,475$4,128$3,807$3,316
9 years$4,622$4,223$3,855$3,516$3,206$2,737
10 years$4,118$3,722$3,361$3,031$2,732$2,285
11 years$3,705$3,313$2,959$2,638$2,349$1,925
12 years$3,362$2,974$2,626$2,314$2,036$1,633
13 years$3,071$2,688$2,346$2,043$1,775$1,393
14 years$2,823$2,443$2,108$1,813$1,556$1,194
15 years$2,607$2,232$1,903$1,617$1,370$1,028
16 years$2,419$2,048$1,725$1,448$1,211$888
17 years$2,253$1,886$1,570$1,301$1,074$769
18 years$2,106$1,742$1,433$1,173$955$667
19 years$1,974$1,615$1,312$1,059$851$581
20 years$1,856$1,501$1,204$960$760$506
21 years$1,749$1,398$1,108$871$680$442
22 years$1,652$1,305$1,021$792$610$386
23 years$1,563$1,220$943$721$547$338
24 years$1,482$1,143$872$658$492$296
25 years$1,408$1,073$807$601$443$259
26 years$1,339$1,008$749$549$399$227
27 years$1,276$949$695$503$360$200
28 years$1,217$894$646$461$324$175
29 years$1,162$844$602$422$293$154
30 years$1,111$797$560$388$265$135
31 years$1,064$753$522$356$239$119
32 years$1,019$713$487$327$216$105
33 years$978$675$455$301$196$92
34 years$939$640$425$277$177$81
35 years$902$607$397$255$161$71
36 years$867$576$372$235$146$63
37 years$834$547$348$216$132$55
38 years$803$520$326$199$120$49
39 years$774$494$305$184$108$43
40 years$746$470$286$170$98$38
41 years$720$448$268$156$89$33
42 years$695$426$252$144$81$29
43 years$671$406$236$133$73$26
44 years$649$387$222$123$67$23
45 years$627$369$208$114$61$20
46 years$607$352$196$105$55$18
47 years$587$336$184$97$50$16
48 years$568$321$173$90$45$14
49 years$550$306$162$83$41$12
50 years$533$293$153$77$37$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $546,000, adding $4,133 every year, while hoping to spend $41,564 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 37/41/22 Blend
54$546,000$546,000$546,000$546,000
55$605,955$577,017$568,554$624,236
56$623,539$561,067$543,377$621,982
57$641,523$542,943$515,963$615,378
58$659,905$522,493$486,194$607,402
59$678,679$499,559$453,946$597,958
60$697,839$473,973$419,088$586,940
61$717,377$445,556$381,486$574,238
62$737,281$414,119$340,997$559,733
63$757,537$379,465$297,474$543,301
64$778,128$341,381$250,762$524,810
65$799,035$299,646$200,700$504,118
66$820,232$254,024$147,119$481,077
67$841,692$204,268$89,843$455,528
68$863,381$150,114$28,690$427,304
69$885,262$91,285$0$396,226
70$907,289$27,489$0$370,689
71$929,413$0$0$349,654
72$951,575$0$0$344,975
73$973,710$0$0$352,645
74$995,742$0$0$360,230
75$1,017,587$0$0$367,695
76$1,039,149$0$0$375,000
77$1,060,320$0$0$382,098
78$1,080,978$0$0$388,939
79$1,100,988$0$0$395,465
80$1,120,195$0$0$401,613
81$1,138,430$0$0$407,311
82$1,155,499$0$0$412,480
83$1,171,190$0$0$417,030
84$1,185,263$0$0$420,861
85$1,197,451$0$0$423,865
86$1,207,458$0$0$425,917
87$1,214,954$0$0$426,881
88$1,219,571$0$0$426,606
89$1,220,900$0$0$424,922
90$1,218,489$0$0$421,643
91$1,211,832$0$0$416,561
92$1,200,373$0$0$409,445
93$1,183,489$0$0$400,042
94$1,160,496$0$0$388,067
95$1,130,629$0$0$373,208
96$1,093,047$0$0$355,119
97$1,046,815$0$0$333,416
98$990,900$0$0$307,674
99$924,156$0$0$277,425
100$845,317$0$0$242,148